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Alternative Market Briefing

The Isle of Man is open and ready for hedge fund business

Thursday, May 30, 2013

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Ian Morley
by Beverly Chandler, Opalesque London:

Ian Morley is currently founder of Wentworth Hall Consultancy but as a veteran of the European hedge fund industry, he is better known for his role as founder chairman of the forerunner of the current alternatives trade body AIMA, EMFA, the European Managed Futures Association.

These days find Morley advising the Isle of Man, one of the less well known of the UK’s offshore centres. "I try to help them increase their exposure in the funds industry generically" he says. The island has an active and diverse economy, from broad financial services including banking, insurance and fund administration, but they also have substantial businesses in shipping and aircraft registration, gaming, IT and listing AIM companies.

"The Isle of Man is positively encouraging hedge funds to choose the Island as a location and offering incentives" he says. The Island is offering 40% of certain costs covered for two years to new funds or start-up businesses who register there. "The Island wants to support hedge fund firms so that they can concentrate on raising and managing the money rather than hiring compliance consultants" Morley says.

Morley explains that the Regulator, the Financial Services Commission, realises how difficult it is for start-up funds to raise capital in the current market environment. "To make things easier for star......................

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